Who reports interest income on a three owned savings account?

[MichaelL1 · Accepted solution]

If 1099 is issued, it will have one SSN on it, that IRS will match the 1099INT to that return.

If no 1099 (less than $10) then each party should report thier respective share.

You can enter the entire amount in TurboTax then click on:

Tell us if any of these uncommon situations apply" and the top one is to adjust the amount.

Then each can report their share -as you can report interest income with or without a 1099INT.